Article length: 252 words

Saudi Arabia: Abdullah Bin Musaid’s Sheffield United stake and father’s death

Prince Abdullah Bin Musaid Bin Abdelaziz has bought a 50% stake in English football club Sheffield United. He bought the stake in the club’s holding company, Blades Leisure Ltd, from owner Kevin McCabe, with whom he becomes co-chairman. McCabe said Prince Abdullah “shared our vision for the Blades to join the top tier of English football”. The prince is a former president of Saudi club Al Hilal and is worth some £18bn ($28bn), according to The Telegraph newspaper, although it is not clear how it came to that figure. He said he was determined to see the club achieve its goals and that money would be “spent judiciously”.

Go to full article

Credit value: 1

African Energy Gulf States Newsletter